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Roundup: Singapore stocks end down 0.11 pct

Xinhua, November 30, 2015 Adjust font size:

Singapore shares closed 0.11 percent lower on Monday, as investors looked forward to more policy easing in Europe.

Investors are focusing on the European Central Bank (ECB)'s policy decision on Thursday, with growing expectations that the ECB could cut interest rates by 20 basis points.

DBS Group Research continued to forecast Straits Times Index to range from 2,825 points to 3,030 points over the next one month. Attention this week is drawn to the U.S. release of November job numbers.

Singapore's benchmark Straits Times Index fell 3.18 points to 2,855.94 points. Trading volume was 1.43 billion shares worth 1.67 billion Singapore dollars. Decliners outnumbered advancers 225 to 166, while 540 stocks did not move.

Olam International shed 1.4 percent to 1.795 Singapore dollars. It announced that its grains platform plans to expand into animal feed and related businesses in Nigeria. The expansion involves investments in setting up poultry and fish feed mills as well as hatcheries to produce chicks.

SPH Real Estate Investment Trust closed flat at 92.5 Singapore cents. It said it is looking to acquiring retail assets both locally and overseas in a bid to expand its portfolio from the current two shopping malls. In Singapore, the trust is closely watching assets in terms of yield-accretion, location and sustainability

Among top gainers, Jardine Matheson rose 0.9 percent to 49.90 U.S. dollars, while Jardine Cycle and Carriage became one of the top losers by falling 0.6 percent to 31.95 Singapore dollars. (1 U.S. dollar equals 1.41 Singapore dollars) Enditem